NOT LISTED FOR SALE
10 Beds
6 Baths
4,276 Sq Ft
9,309 Sq Ft Lot

Last Sold August 01, 2017

Last sale price $1,250,000 $292 Per Sq Ft

21 Days on Market

About This Home

As of August 2017

We are pleased to present 11659 Hamlin Street, located in North Hollywood, CA. The property is situated in a desirable part of North Hollywood, just minutes from the NoHo Arts District by car, and less than a block by foot from the dining and retail on Lankershim Blvd. The 170 Freeway is a couple minutes from the property by car, which provides access to Southern California's major freeway arteries. This 6-unit apartment building was constructed in 1955 and sits on a corner lot. The unit mix consists of 4 two-bedroom two-bathroom and 2 one-bedroom one-bathroom units. A common area laundry room provides additional income, and the machines are owned. On-site carport parking provides 6 covered spaces with storage cabinets. There are no tuck-under spaces and no seismic retrofit requirement. Rents are currently over 30% below market, making this a value-add deal. All kitchens have been updated with granite countertops and some have new cabinets.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 03/27/2017

Last Buyer's Agent

Haik Bokhchalian

License #01325511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 9,309 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 4,276 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2335-007-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4276
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 280.64

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 249582
  • Assessed Land Value: 137265
  • Assessor Parcel Number: 2335-007-008
  • Geocode Override: No
  • Lot Size Area: 9309

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 15.12
  • Number Of Units: 6
  • Total Annual Expense: 30746
  • Type Of Units: Standard
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2017 08/01/17 Sold $1,250,000 +4.2% $292 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $1,200,000 -- $281 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-215032

The MLS